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Posted October 30, 2011 07:25 pm - Updated October 30, 2011 07:25 pm

The Associated Press

Milwaukee's Francisco Rodriguez among 148 who become free agents

In this photo taken Sept. 13, 2011, San Francisco Giants pitcher Javier Lopez delivers against the San Diego Padres during a baseball game in San Francisco. A person with knowledge of the negotiations says left-handed reliever Lopez has agreed to an $8.5 million, two-year contract to stay with the Giants. (AP Photo/Jeff Chiu)

A person familiar with the negotiations says the Yankees have made a contract offer to ace CC Sabathia, who has until Monday to decide whether to opt out of the $92 million and four years remaining on his current deal.

The offer was made over the weekend, the person said Sunday, speaking on condition of anonymity because no details were announced.

Sabathia agreed to a $161 million, seven-year contract before the 2009 season and has gone 59-23 with a 3.18 ERA during the regular season for New York.

If he opts out, the 31-year-old left-hander would become the top pitcher on the free-agent market.

Milwaukee reliever Francisco Rodriguez was among 148 players who became free agents Sunday after his $17.5 million mutual option expired.

K-Rod’s deal was reworked when he was traded from the New York Mets during the All-Star break, changing it from an option that would have become guaranteed had he finished 55 games. Rodriguez, used as a setup man by the Brewers, gets a $4 million buyout, up from the original $3.5 million. According to the reworking of the option, it would only have come into effect if he met the 55 games finished requirement, and he fell 32 short.

In addition, the Brewers declined a $6 million club option on shortstop Yuniesky Betancourt, who gets a $2 million buyout.